Monticello, MN vs Redwood Falls, MN

The cost of living difference between Monticello, MN and Redwood Falls, MN is dramatic. Redwood Falls is 46.5% cheaper than Monticello, a gap that translates to thousands of dollars per year in household expenses. Monticello has a cost index of 105 while Redwood Falls sits at 72, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Monticello is $1,462/month compared to $824/month in Redwood Falls — a 77% difference. Home values follow the same pattern: Redwood Falls is more affordable at $162,000 median vs $298,400.

Median household income in Monticello is $81,563 compared to $61,947 in Redwood Falls (+31.7%). The higher salaries in Monticello partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Monticello spend roughly 21.5% of their income on rent, more than the 16% in Redwood Falls.

Climate-wise, both cities share similar average temperatures (42.9°F vs 45.4°F). Monticello receives more rainfall at 28.5" per year compared to 28" in Redwood Falls.